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Quantifying the level of failure in a digital business ecosystem interactions

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4 Author(s)
Hussain, O. ; Curtin Univ. of Technol., Perth ; Chang, E. ; Hussain, F. ; Dillon, T.

To ascertain the possible level of risk in a digital business ecosystem interaction, the initiating agent has to determine beforehand the probability of failure, the possible consequences of failure, and the loss of investment probability to its resources while interacting with the other agent. Out of these three constituents, the initiating agent can determine beforehand the probability of failure in interacting with an agent either by considering its past interaction history with it or by soliciting recommendations from other agents. In both cases, it is imperative for the agent who is either considering its past interaction history, or who is communicating a recommendation about the other agent, to know the accurate level of failure in interacting with the other agent. To achieve this, in this paper we propose a methodology by which the initiating agent of the interaction ascertains the level of failure in the interaction, after interacting with an agent.

Published in:

Emerging Technologies and Factory Automation, 2007. ETFA. IEEE Conference on

Date of Conference:

25-28 Sept. 2007